Question: Please help 2. Consider a modified version of the model in A Model of Growth Through Creative Destruction by Philippe Aghion and Peter Howitt (Econometrica,

Please help

2. Consider a modified version of the model in "A Model of Growth Through Creative Destruction" by Philippe Aghion and Peter Howitt (Econometrica, 1992) discussed in class. We make the following two modifications: (1) The consumption good (y:) is produced using skilled labor (=) and an intermediate good (r,). The production function is given by y. = And, or, 0

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